Connect with us

Popular World News

inflation pop expected, likely temporary By Reuters

Japan to consider tighter rules on foreign owners of domestic firms


inflation pop expected, likely temporary By Reuters

© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir

(Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said Tuesday that the inflation “pop” was expected, noting that the biggest jumps are in goods and services driven by a surge in post-pandemic demand and supply bottlenecks, and are likely to subside in coming months. “Several months of this doesn’t mean that it’s not transitory,” Daly told CNBC in an interview, adding that she was bullish about growth for the fall and that it was the right time to start talking about reducing the Fed’s bond purchases. Still, she said, the Delta variant of COVID-19 poses risks, particularly to global growth; policy is in a “great place” and it’s premature to start talking about raising U.S. interest rates, she said.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


To Top
error: Content is protected !!